Obenosky Travel Agency balance sheet data at May 31, 19X2, and June 30, 19X2, follow:

RequiredBelow are three assumptions about investments and dividends of the business during June. Foreach assumption, compute the amount of net income or net loss of the business during June 19X2.1. The owners invested \(\$ 20,000\) in the business and received no dividends.2. The owners made no additional investments in the business but received dividends of \(\$ 16,000\).3. The owners invested \(\$ 39,000\) in the business and received dividends of \(\$ 6,000\).

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Total assets Total liabilities May 31, 19X2 $150,000 109,000 June 30, 19X2 $195,000 131,000